Effect of Globalization on Business Performance of Some Selected Deposit Money Banks in Abuja

The survival of firms and organization in the present business world is heavily dependent on globalization and its attendant transfer of technology. This study examined the effect of globalization on business performance of some selected deposit money banks in Gwarinpa ,Abuja. The population of the study consist of three hundred and sixty (360) staff of twelve (12) selected commercial banks with their branches located at Gwarinpa . The population of the staff was gotten from the various branches visited. A sample size of one hundred and eighty nine (189) was arrived at using Taro Yamen (1973) sampling technique. Questionnaire were administered to one hundred and eighty nine (189) staff of the selected banks ,one hundred and fifty (150) were filled and returned. Hypotheses were tested using simple linear regression analysis from data generated from the questionnaire. Findings reveal that transfer of technology, competitive advantage and globalization have significant effect on business performance of the selected banks in Abuja . The conclusion of the study showed that the banking sector has greatly been affected positively by globalization in the aspect of transfer of technology without boundary, It was also concluded that competitive advantage enables business managers and employee to provide the best and fastest services in the wave of competition. It was recommended that the management of the selected banks should strive to invest outside of the borders of their country, this would ease the transfer of technology and innovation. Also, Product quality should be key to management of financial institutions